Tata Electronics iPhone production soars 180% to Rs 40,000 crore in 2024: Report

Tata Electronics Limited significantly increased its production of Apple’s iPhones in 2024, accounting for approximately 26% of iPhones manufactured in India, according to a report by Business Standard. The company’s annual production value surged by 180% to ₹40,000 crore compared to the previous year.

Key Milestones

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  1. Acquisition of Wistron’s Facility:
    • Tata Electronics acquired Wistron’s iPhone manufacturing plant in Karnataka’s Narsapura for $125 million in October 2023.
    • The facility has since become a cornerstone of Tata’s electronics manufacturing operations.
  2. Export Growth:
    • Annual iPhone exports from the Narsapura facility grew by 125% in 2024, reaching ₹31,000 crore.
  3. Employment Expansion:
    • The company increased its workforce by 63%, from 19,000 employees in 2023 to 31,000 in 2024, reflecting its rapid growth and increased operational capacity.
  4. Resilience After Setbacks:
    • A significant fire at Tata Electronics’ component manufacturing facility near Hosur, Tamil Nadu, in September disrupted operations.
    • Despite the setback, the company successfully ramped up production and continued its growth trajectory.

Implications for India’s Manufacturing Sector

Tata Electronics’ performance underscores India’s growing importance as a manufacturing hub for Apple, aligning with the government’s “Make in India” initiative. The company’s contribution highlights the expanding role of Indian firms in the global electronics supply chain.

While Tata Electronics has not officially commented, these developments position the company as a major player in Apple’s ecosystem and a driver of India’s electronics manufacturing sector.

Disclaimer: The information provided is for informational purposes only and should not be considered as financial or investment advice. This report is based on information provided by Business Standard.